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Microsoft Word - ECON2025 Takehome Test.doc
Scientists, researching large woody debris (LWD), surveyed the number of LWD pieces from aerial photos taken annually for the past 35 years at two different sites. Over the 35 years of photos examined, the first site had a mean number of LWD pieces p..
1.The following random sample was selected from a normal distribution: 4, 6, 3, 5, 9, 3.It would be useful to draw the normal curve to illustrate the confidence intervala.Construct a 90% confidence interval for the population mean.b.Construct a..
Calculate the mean yearly value using the average gas prices by month found in the Final Project Data Set. What is the slope of the linear regression line and what is the Y-intercept of the linear regression line
What is a three-period moving average forecast for the month of July? What is the slope of the regression equation developed when the Sales data are used to predict the Pounds?
Thoughts on the value of statistics in general
A bakery produces muffins and doughnuts. Let x1 be the number of doughnuts produced and x2 be the number of muffins produced. The profit function for the bakery is expressed by the following equation: profit = 4x1 + 2x2 + 0.3x12 + 0.4x22. The bakery ..
The length of time between breakdowns of an essential piece of equipment is an important factor in deciding on the amount of auxiliary equipment needed to assure continuous service. A machine room foreman believes the time between breakdowns of a par..
What is the probability of a student not doing homework or passing and what is the probability that the home team will win this game given that it is ahead at the half?
6. Bay Area Community College (BACC) has collected data comparing the starting salaries of their graduating students with last names beginning with the letters A through M with those whose last names begin with N through Z. The first category,..
Two-sample T for side_sideAge_Group N Mean StDev SE Meanelderly 9 22.2 10.3 3.4young 8 15.13 3.91 1.4Difference = mu (elderly) - mu (young)Estimate for difference: 7.1095% CI for difference: (-1.13, 15.32)T-Test of difference = 0 (vs not =): T..
The mean weekly income of residents of one state is $570. A random sample of 12 residents of one small town in the state yielded the following weekly income in dollars
You have just received an inheritance of $10,000 and you decide that you should invest the money rather than blow it on frivolous items. You have decided that you will invest the money in one of two types of mutual funds. The first type that you are ..
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